Desai, Mihir A.; Foley, C. Fritz; Hines, James R. - In: American Economic Journal: Economic Policy 1 (2009) 1, pp. 181-203
Do firms investing abroad simultaneously reduce their domestic activity? This paper analyzes the relationship between the domestic and foreign operations of US manufacturing firms between 1982 and 2004 by instrumenting for changes in foreign operations with GDP growth rates of the foreign...
